{"id":29464,"date":"2010-01-11T11:31:09","date_gmt":"2010-01-11T15:31:09","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=29464"},"modified":"2019-04-23T20:55:00","modified_gmt":"2019-04-23T20:55:00","slug":"tips-for-using-your-home-for-short-term-rental-during-the-upcoming-miami-bowl-games","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/tips-for-using-your-home-for-short-term-rental-during-the-upcoming-miami-bowl-games\/","title":{"rendered":"Tips for using your home for short term rental during the upcoming Miami Bowl games"},"content":{"rendered":"

Tips for using your home for short term rental during the upcoming Miami Bowl games.<\/h3>\n
\n
Channel 10 reporter, Ben Kennedy spoke to me on the subject of renting ones home for the upcoming Super Bowl. Our chat was brief as most interviews are so I am taking advantage of this opportunity to share my thoughts on what you should do if you are considering renting your home during this time.<\/div>\n

Tips for renting your home for short term rental during Super & Pro Bowls in Miami<\/span>
\n\u00a0<\/strong>
\nOwner’s prospective:
\n<\/strong>Think about whom you want in your house; are you really a \u201ccandidate\u201d to do this? Making the money is great \u2013 but do you really want someone you do not know having ‘full access’ to your home. Will you take folk who travel with pets \u2013 what about smokers? Many people believe their home will be trashed but that\u2019s not necessarily so. If you do decide it\u2019s okay, then think through these following steps:
\n1. Decide what is fair market value for your home (search the internet to see what other comparable properties are asking) and establish what your fee, duration of time for rental and deposit requirements are. Typically deposits can run 50% of the price you charge up, to 100% of your rental fee.
\n2. Establish your rules \u2013 write out your own list of do\u2019s and don\u2019ts – will you leave them a computer to have access to the internet \u2013 this is certainly a selling feature.
\n3. Application \u2013 you need as much information as you can get on the prospective tenant. You should be able to locate application to fit your needs on line.
\n4. First\/foremost: screen the applicant: do background search, pay the fee, it is pretty nominal \u2013 include it in your costs of doing business. You can search the internet for tenant screening and find several on-line vendors.
\n5. Be sure to check your home-owner\u2019s policy to see what it covers \u2013 these are not guests, they are now tenants.<\/p>\n

6. If you are a condo owner, don’t forget you have to know your rules and regulations. Is short term leaseing permitted? If so, how many times a year can you rent your unit. Some rules only permit once a year, others 3 times a year and I know one building in Miami permits renting for 1-day.
\n7. Be sure to have an agreement with damage property clause
\n8. Consider having a cleaning service come-in a few times during your tenant visit. This way you have eyes to “see” and it serves as an \u201cadded value\u201d in the sales process. Add this charge to rental fee, making it “all inclusive”.
\n9. Remember, you will need to make space in your frig and your closet for your tenant.<\/p>\n

If you are set on doing this, I trust you have all your personal files\/bank statements\/bills\/medical records, etc. in a box you can pick up and take with you, or somewhere in the house you can put under lock and key. Not that folk will look with purpose, but if you leave things out, creatures of habit read.<\/p>\n

After you have assessed everything above, review your “fair market price”, think about if it is really worth it. Remember, no one treats your home like you do; this is not like leaving your place for your cousins to stay while you are off on \u201cplaycation\u201d, so think long and hard about having strangers access your home.<\/p>\n

Of course, if you have a place that is not your primary residence (your getaway spot), then renting out, providing your condo rules\/regs permit, could be the no-brainer. Just remember, you need to leave linens for your guests to use.<\/p>\n

Marketing your place:<\/p>\n

Unless large dollars are involved, most realtors* do not really want to get involved in short-term leases. You are your best marketing tool; create a flyer and send to all your friends and ask them to forward; word-of-mouth is the best tool and hopefully you will garner a tenant that is a RESPONSIBLE “friend of a friend”.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

What you need to know if you are considering either renting your home (house or condo) during the upcoming South Florida Bowl activities.<\/p>\n

If you are the potential renter, there are tips for you to take into consideration BEFORE you sign that contract.<\/p>\n","protected":false},"author":5589,"featured_media":130092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[15,2795,5509,133,135,8577,8705,8977,9027,9175,9613,9815,10279],"yoast_head":"\nTips for using your home for short term rental during the upcoming Miami Bowl games - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/tips-for-using-your-home-for-short-term-rental-during-the-upcoming-miami-bowl-games\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tips for using your home for short term rental during the upcoming Miami Bowl games - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"What you need to know if you are considering either renting your home (house or condo) during the upcoming South Florida Bowl activities. 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